Verge (XVG) soars 100.00% on December 16-17

Verge (XVG) had a good 24 hours as the cryptocurrency jumped $0.025 or 100.00% trading at $0.05. According to Global Crypto Analysts, Verge (XVG) eyes $0.06 target on the road to $0.09. XVG last traded at HitBTC exchange. It had high of $0.14 and low of $0.02 for December 16-17. The open was $0.03.

About 14.80 million XVG worth $933,056 traded hands.

Verge (XVG) is up 732.50% in the last 30 days from $0.01 per coin. Its up 631.42% in the last 100 days since when traded at $0.01 and the annual trend is up. 200 days ago XVG traded at $0.00. XVG has 14.39B coins mined giving it $719.65M market cap. Verge maximum coins available are 16.56 billion. XVG uses Multiple algorithm and PoW proof type. It was started on 15/02/2016.

Verge is a scrypt based alternative crypto currency trying to take the popularity of both Dogecoin and Bitcoin and combine it with the anonymous features of DASH. The block time is 30 seconds and the coin operates through Proof of Work.

VERGE prides itself on being a symbol of progression in the cryptocurrency world. It is a more secure private and evolving cryptocurrency that is backed by bitcoin a ton of developer resources and privacy tools (located here!)

Block reward:

Block 0 to 14 000 : 200 000 coins

14 000 to 28 000 : 100 000 coins

28 000 to 42 000: 50 000 coins

42 000 to 210 000: 25 000 coins

210 000 to 378 000: 12 500 coins

378 000 to 546 000: 6 250 coins

546 000 to 714 000: 3 125 coins

714 000 to 2 124 000: 1 560 coins

2 124 000 to 4 248 000: 730 coins

Approximately total reward: 9 Billion (9 000 000 000) during first year then issuing 1 billion (1 000 000 000) each year after.